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Pakistan stocks close higher, rupee steady, o/n rates flat

Source : REUTERS
Last Updated: Wed, Apr 17, 2013 12:50 hrs

KARACHI, April 17 (Reuters) - Pakistani stocks closed higher on Wednesday after a steep fall of more than 350 points in the last two sessions, with renewed buying in Maple Leaf Cement and Engro helping the recovery, traders said.

The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.18 percent, or 32.25 points, higher at 18,394.12 points.

Maple Leaf Cement Factory Ltd was up 5.75 percent to 18.39 rupees while Engro climbed five percent to 135.40 rupees.

Pakistan Telecommunication Co Ltd fell 3.76 percent to 18.45 rupees and

In the currency market, the rupee ended almost steady at 98.34/98.39 against the dollar. Overnight rates in the money market remained flat at 9.40 percent. (Reporting By Mehreen Zahra-Malik)




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